Associated Estates Realty Corp. (AEC) Thursday said it plans to sell 5.5 million shares in an underwritten public offering.
The company also intends to grant the underwriters a 30-day option to purchase up to an additional 825 thousand shares.
The company intends to use the proceeds to fund property acquisitions and development and for general corporate purposes.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.